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Japanese Yen is collapsing

CDDP

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This will cause some fireworks the longer this goes on. Bank of Japan is printing Yen and buying bonds to keep interest down, thus letting the currency collapse. Not sure how long Japan can play this game?


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CDDP

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How does this affect my savings account aka my comic book collection under my bed?
Probably won't be good for the world economy if the third largest economy (Japan) has their currency fall out of bed. Also, Japan is the biggest buyer of US debt (they overtook China) if they stop buying our debt to stabilize their currency it's just another country that is no longer funding our broke entitlements.
 

BigBucnNole

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It'll balance. Japan is the most developed economy in Asia with a navy to safeguard trade. You'll get cheaper insurance using more efficient sea lanes to move goods from output to consumer markets.

They also have a pretty cool end of chain production line that uses Japan proper almost like a bank to buy inputs in Asia, ship them to America and manufacture here. Skips the whole aging debacle, and corcumvents higher cost of US material.
 

CDDP

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Costly imports hurt Japan's balance of trade this past month.

 

BigBucnNole

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Costly imports hurt Japan's balance of trade this past month.


Japan is resource poor with the bulk of their production process out of country. You obviously can't be a net exporter in that scenario. Maybe under the Tokugawa Shogunate they were net importers contracted with Dutch, but they've never been internally self sustainable.
 

CDDP

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Japanese Yen at 142 and climbing. Japan has no domestic energy and must import it and their currency is collapsing in value. Not good for Japan.



 

Rube Reaper

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So President Biden, The People’s President, has made the yank dollar the strongest currency in the world…

Shocker 😎
 

Densel

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I doubt the credibility of this news. How in the world can the Japanese economy of all things be going downhill nowadays?
 

absoluteUnit

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I doubt the credibility of this news. How in the world can the Japanese economy of all things be going downhill nowadays?
I keep the entire Japanese economy afloat by the sheer amount of used panties I buy from overseas
 

Densel

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It’s a safe bet to doubt the credibility of most things on this site
Im still getting to know this place so im not sure about that but the news piece in this thread is still unbelievable, it seems unlikely and none of my credible sources say anything about it.
 

shiv

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Im still getting to know this place so im not sure about that but the news piece in this thread is still unbelievable, it seems unlikely and none of my credible sources say anything about it.
There is a ton of irony, sarcasm, shit slinging and disrespect on here but it’s all in good fun (for the most part). Buried under that you will find some good discussion here and there
 

hmt5000

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Im still getting to know this place so im not sure about that but the news piece in this thread is still unbelievable, it seems unlikely and none of my credible sources say anything about it.
Yea... credible sources... Sure Brian...


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